L&G completes £285m buy-in with Fortune 500 company

Victoria Tichá
clock • 2 min read

A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).

The undisclosed company appears in Fortune magazine's annual list of the 500 largest US corporations ranked by revenues. The deal, announced today (18 September), is a full scheme buy-in which i...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Premdor Crosby Pension Plan secures £16m buy-in with Royal London

Premdor Crosby Pension Plan secures £16m buy-in with Royal London

Transaction secures the benefits of 181 scheme members

Holly Roach
clock 28 October 2025 • 2 min read
Ford Motor Company secures £4.6bn buy-in with L&G

Ford Motor Company secures £4.6bn buy-in with L&G

Combined transaction secures the benefits of over 35,000 members across two pension schemes

Holly Roach
clock 27 October 2025 • 3 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 27 October 2025 • 1 min read
Trustpilot